Secure & Listed: Motilal Oswal’s New NCDs Set to Stir Investor Interest

Motilal Oswal Financial Services Limited (MOFSL) has approved the issuance of up to 30,000 fully paid, secured, rated, redeemable, listed, senior bonds in the form of Non-Convertible Debentures (NCDs) aggregating ₹300 crore on a private placement basis. The NCDs, with a face value of ₹1 lakh each, are set to be listed on the National Stock Exchange (NSE) and will have a tenure of 3 years. The principal and interest will be secured by a first-ranking pari passu charge on the company’s present and future receivables, ensuring robust investor protection.

 

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Source: NSE Circular, Motilal Oswal Financial Services Limited Official Announcement, Rediff.com